Matcha green tea is primarily cultivated by Japanese farmers. Suppose that Matcha green tea grows in popularity as its health benefits, namely its lower caffeine content, become known, and at the same time the government reduces taxes imposed on Japanese tea farmers. What is the likely effect on the equilibrium price and quantity in the Japanese Matcha tea market

Answers

Answer 1

Answer:

equilibrium quantity would increase

there would be an indeterminate effect on equilibrium price

Explanation:

Due to the increase in popularity of the tea, the demand for the tea would rise. This would lead to a rightward shift of the demand curve. Equilibrium price and quantity would rise.

If taxes are reduced, the cost of producing tea would reduce. This would encourage producers to start making tea. As a result, the supply of tea would increase. This would lead to a rightward shift of the supply curve for tea. As a result, equilibrium price would fall and equilibrium quantity would increase.

Taking these two effects together, there would be an increase in equilibrium quantity and there would be an indeterminate effect on equilibrium price


Related Questions

Which type of bankruptcy leaves your credit report sooner?

Answers

chapter 13 bankruptcy my friend
have a great day!

Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from Y, and $300 worth of goods from firm Z, and produces 250 units of output at $4 per unit. Firm Y buys $150 worth of goods from firm X, and $250 worth of goods from firm Z, and produces 300 units of output at $6 per unit. Firm Z buys $75 worth of goods from firm X, and $50 worth of goods from firm Y, and produces 500 units at $2 per unit. Given this information, what is the economy’s GDP?

Answers

Answer:

$2,775

Explanation:

The computation of the GDP of the economy is given below:

But before that the total value sold by three firms would be determined

Total amount of goods sold by X:

= X sells to Y + X sells to Z

= $150 + $75

= $225

Total amount of goods sold by Y:

= Y sells to X + Y sells to Z

= $200 + $50

= $250

Total amount of goods sold by Z:

= Z sells to X + Z sells to Y

= $300 + $250

= $550

Now

Amount of goods generated by X

= units of output × cost per unit

= 250 units ×  $4

= $1,000

Value of goods generated by Y

= units of output × cost per unit

= 300 units ×  $6

= $1,800

Value of goods generated by Z

= units of output × cost per unit

= 500 units ×  $2

= $1,000

Now GDP is

= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]

= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]

= $775 + $1,550 + $450

= $2,775

GameStop stock prices
last week.
A
tanked
B
soared
с
stabilized
D
plateaued

Answers

The answer is A.

I backed up my answer by searching up GameStop’s stick graph and it has dropped down.

3. Considered the back office", Involves behind the scenes paperwork
required to complete all transactions. Found in both the service and the
manufacturing sector *

Answers

Answer:

The back office is the portion of a company made up of administration and support personnel, who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.

Explanation:

2. A business installs a free chilled water drinking machine
for staff. This is an example of: (1)
A
B
С
D
a non-financial method of motivation
a promotional method
an improvement to customer service
organic growth

Answers

the answer would be A, a non-financial method of motivation

Write a short paragraph on what you have learned about cost/benefit analysis in regards to attending college for four years
HELP PLEASE

Answers

Answer:

The Bachelor's degree is a 4-year undergraduate degree. Historically, the word "college degree" indicated a bachelor's degree or a conventional four-year degree. It normally takes four years of full-time study to complete the bachelor's degree—comprising 120 semester credits or around 40 college classes.

Explanation: i hope this help :)

explain the factors affecting fixed capital and working capital​

Answers

Answer:

The affecting factors of the given context are defined below in the explanation section.

Explanation:

Factors affecting fixed capital:

Capital expenditure of alternative investments is longer and therefore is considered fixed capital. That capital would be largely funded thru all the lengthy period financing sources, including certain equity, retained earnings, bonds, loan repayments, and so much more.

Factors affecting working capital:

Costs of production, staffing costs, and operating costs also impact working capital. These fees are based on either the manufacturing techniques and equipment throughout the warehouse, this same competence of the employees, respectively.

What are the characteristics of effective pricing?

Answers

Answer:

Customer perception of value. Value needs to be at the core of every pricing decision your company makes.

Costs of running your business.

Competitors in your market.

Target customer personas.

Growth potential.

Create buyer personas.

Price in tiers.

Perform a pricing audit.

Explanation:

Hope that helps!

Many weight-loss programs advertise that they can help individuals lose a great deal of weight without any changes in the individual's lifestyle. Typically when the person who has lost the weight leaves the program, he or she regains all the lost weight. This yo-yoing is almost as bad for the body as the excess weight. These weight-loss programs are engaged in _____ behavior.


a.legal and irresponsible


b.legal and responsible


c.illegal but responsible


d.legal but irresponsible

Answers

Answer:

d

Explanation:

Miles graduates from college and his his income increases by ​$ 35 comma 000 35,000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs hot dogs and pretzels pretzels that he he buys and increases the quantity of gourmet ice cream gourmet ice cream that he he buys.

Answers

Answer:

hot dogs and pretzels are inferior goods

Explanation:

From the question, We are informed about Miles who graduated from college and his his income increases by ​$ 35000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he he buys. For Miles, hot dogs and pretzels are inferior goods. In economics, inferior good can be regarded as goods that have a fall in demand whenever there is increase in consumer income, i.e increase in consumer income will bring decrease to such goods, which is opposite to normal goods.

Answer:

Miles graduates from college and his his income increases by ​$35,000 a year. Nothing else changes. Miles decreases the quantity of hot dogs hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he buys.

For Miles, gourmet ice cream is a normal good

Explanation:

A normal good is a good for which demand increases when income increases and demand decreases when income decreases.

An inferior good is a good for which demand decreases when income increases and demand increases when income decreases.

ways a business can be involved in the macro environment​

Answers

Private-Public Partnership.
Privately owned service to the Community or Country.
Job Creation.
Increased involvement in Social Responsibility.
Government tenders.
Expansion into Africa.
Taking the lead in an area of technology.

The ways that a business can be engaged in the Macro environment is through the

payment of taxesSpending Borrowing

What is the macro environment?

These are the larger environments that are known to influence a firm in the economy.

The macro environment affects the firms by the political, environmental and social factors in the country.

Read more on macro environment here:

https://brainly.com/question/5511643

what are the merits and demerits of group trade?

Answers

Answer:

(a) International Specialization: ...

(b) Increase in World Production and World Consumption: ...

(c) Safeguard against the Advent of Monopolies: ...

(d) Links with Other Countries: ...

(e) Higher Earnings of the Factors of Production: ...

(f) Benefits to Consumers: ...

(g) Higher Efficiency and Optimum Utilisation of Resources:

Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. A. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. B. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.

Answers

Answer:

trade secret

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.

The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.

Trade secret can be regarded as one of the intellectual property which is a process/ practice such as design, patterns or instrument that is generally not revealed outside the company. It gives a company an edge over her compititors

Complete the following statement.
This
Adrian is attending a marketing conference and seems quite bored with the sequence of events, so he is
1. Slouching I. His chair
2. Leaning forward
3. Crossing his arms
This kind of gesture is an example of
1. Nonverbal
2.verbal

communication.

Answers

Nonverbal, verbal is when you use your voice for something. Hope this helped
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